Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3815 W Andrew Johnson Hwy Morristown, TN 37814

    Sponsored
    For Sale
    $1,595,000

    COMMERCIAL - Morristown, TN

    Property size:
    20,767 SF
    Lot size:
    6.50 Acres
    Days on Market:
    22
    Last Refresh:
    Feb 5 at 8:06 pm

    Property Features for 3815 W Andrew Johnson Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Zoning
    A-1
    APN
    040L E 03400 000
    Parking
    20
    Parking features
    Driveway
    Size
    20,767 SF
    Lot size
    6.50 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2024
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Steel Frame, Steel Siding

    We can help!

    Listing Contact
    Randy Bable

    10 Realty, LLC (865) 216-8011

    Listing agent Randy Bable (865) 364-6868

    Listing date Jan 15, 2026

    MLS# 309750

    Copyright © 2026 Great Smoky Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Modern Storage Facility on 6.5 Acres

    This property features a modern, income-producing, climate-controlled self-storage facility situated on 6.5 acres. The existing facility is newly constructed and designed as a Class A indoor storage operation, featuring secure, climate-controlled units with controlled access. The business is established and generating revenue, supported by local demand for clean, secure storage serving nearby residential neighborhoods, downsizing households, contractors, and small businesses. The property's location provides visibility and easy access. The current storage buildings occupy only a portion of the 6.5-acre parcel, leaving acreage for expansion. A new owner has the ability to increase income and value by adding additional indoor climate-controlled storage buildings, developing outdoor or covered storage for boats, RVs, trailers, and recreational equipment, or constructing complementary industrial improvements such as small warehouses or flex space. The site's frontage, layout, and access support multiple development strategies, allowing an investor to phase expansion over time. The property is located along one of Morristown's primary commercial corridors. The property size is 20767 square feet. The zoning is A-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.34782
    Latitude
    36.194567

    Nearby Similar for Sale

    • $624,900
      2,682 SF

      Tennessee Land with Two Homes

      31+ acres with two homes near Morristown, Tennessee.
      2840-2830 Robinson Creek Rd, Morristown, TN 37813
      View Details
    • $624,900
      2,682 SF

      Tennessee Land with Two Homes

      31+ acres with two homes near Morristown, Tennessee.
      2840-2830 Robinson Creek Rd, Morristown, TN 37813
      View Details
    • $624,900
      31.66 Acres

      Tennessee Farm with Two Homes

      31+ acre farm featuring two homes and mountain views.
      2840-2830 Robinson Creek Rd, Morristown, TN 37813
      View Details
    • $849,900
      0.25 Acres

      Professional Office Building in Morristown

      Exquisite office building in downtown Morristown, suitable for various businesses.
      400 W 1 St N, Morristown, TN 37814
      View Details
    • $624,900
      1,758 SF

      31 Acres with Two Homes

      Pastureland with mountain views, two homes, and flowing creek.
      2840-2830 Robinson Creek Rd, Morristown, TN 37813
      View Details
    • $299,900
      0.38 Acres

      Morristown Duplex: Investment Opportunity

      Well-located duplex in Morristown, TN, ideal for investors or owner-occupants.
      730 N Haun Dr, Morristown, TN 37814
      View Details
    • $499,000
      0.33 Acres

      Morristown Office Building For Sale

      Well-maintained office building in the heart of Morristown, Tennessee.
      217 Western Ave, Morristown, TN 37814
      View Details
    • $399,900
      0.27 Acres

      Morristown Office Building For Sale

      Office building in West Morristown, currently leased, excellent investment.
      442 E Economy Rd, Morristown, TN 37814
      View Details
    • $310,000
      0.26 Acres

      Turnkey Commercial Space in Morristown

      Equipped commercial space suitable for various business ventures.
      316 Beech St, Morristown, TN 37813
      View Details
    • $268,000
      0.87 Acres

      Morristown Duplex with Income Potential

      Duplex near downtown Morristown, TN, with income potential.
      1987 Joe Stephens Rd, Morristown, TN 37814
      View Details
    • $399,900
      Pending

      Morristown Brick Duplex Investment Property

      Well-maintained duplex in the heart of Morristown, Tennessee.
      510 S Liberty Hill Rd, Morristown, TN 37813
      View Details
    • $399,900
      0.45 Acres

      Downtown Morristown Adaptable Commercial Property

      Versatile commercial property in downtown Morristown, suitable for various businesses.
      503 N Jackson St, Morristown, TN 37814
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Income-producing, climate-controlled storage facility with expansion potential in Morristown, TN.
    Where is this self storage facility located?
    The property is located at 3815 W Andrew Johnson Hwy Morristown, TN.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: - Excellent location along a primary commercial corridor with high visibility and easy access.; - Newly constructed Class A, climate-controlled self-storage facility built in 2024.; - Immediate operating income with strong potential for increased revenue through expansion.
    (865) 364-6868
    Request Owner's contact information
    3815 W Andrew Johnson Hwy Morristown, TN 37814
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3815 W Andrew Johnson Hwy
    Morristown, TN 37814
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3815 W Andrew Johnson Hwy Morristown, TN 37814
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Randy Bable
    (865) 364-6868
    Learn more
    Google sign-in failed. Please try again or use another login method.